What does bonding of employees mean?

bonding of employees meaning in Law Dictionary

n agreement that states a company gets their particular repayment for problems if one or higher employees cause loss towards guaranteed.

bonding of employees meaning in Business Dictionary

contract (such as a fidelity bond) under which a bonding or insurance carrier guarantees repayment of a specified sum as problems, in case a number of associated with the employees covered in the relationship cause monetary loss towards insured (employer).